About
Shayona Engineering IPO is a book build issue of ₹14.86 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹14.86 crore.
Shayona Engineering IPO bidding opened for subscription on Jan 22, 2026 and will close on Jan 27, 2026. The allotment for the Shayona Engineering IPO is expected to be finalized on Jan 28, 2026. Shayona Engineering IPO will list on BSE SME with a tentative listing date fixed as Jan 30, 2026.
Shayona Engineering IPO price band is set at ₹140 to ₹144 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,88,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,32,000.
Horizon Management Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Horizon Financial Consultants Pvt.Ltd..
Refer to Shayona Engineering IPO RHP for detailed Information.
IPO Open
Thu, Jan 22, 2026
IPO Close
Tue, Jan 27, 2026
Price Band
₹140 to ₹144
Market Cap (Pre-IPO)
₹56.05 Cr
IPO Details
| IPO Date | 22 to 27 Jan, 2026 |
| Listing Date | Fri, Jan 30, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹144 |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,32,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 52,000 shares (agg. up to ₹0.7488 Cr) Horizon Financial Consultants Pvt.Ltd. |
| Net Offered to Public | 9,80,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 28,60,268 shares |
| Share Holding Post Issue | 38,92,268 shares |
IPO Timetable (Tentative)
- IPO OpenThu, Jan 22, 2026
- IPO CloseTue, Jan 27, 2026
- AllotmentWed, Jan 28, 2026
- RefundThu, Jan 29, 2026
- Credit of SharesThu, Jan 29, 2026
- ListingFri, Jan 30, 2026
IPO Reservation
Shayona Engineering IPO offers total 10,32,000 shares. Out of which 12,000 (1.16%) allocated to QIB, 3,00,000 (29.07%) allocated to
NII
6,68,000 (64.73%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 52,000 (5.04%) |
| QIB Shares Offered | 12,000 (1.16%) |
| NII (HNI) Shares Offered | 3,00,000 (29.07%) |
| − bNII > ₹10L | 1,80,000 (17.44%) |
| − sNII < ₹10L | 1,20,000 (11.63%) |
| Retail Shares Offered | 6,68,000 (64.73%) |
| Total Shares Offered | 10,32,000 (100.00%) |
IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,88,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,88,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,32,000 |
S-HNI (Max) | 6 | 6,000 | ₹8,64,000 |
B-HNI (Min) | 7 | 7,000 | ₹10,08,000 |
About Shayona Engineering Ltd.
Incorporated in 2017, Shayona Engineering Limited is engaged in the business of precision castings, machining, dies and moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering, and turnkey project machinery.
They offer customized solutions for precision castings in special grades, with weights ranging from a few grams to 3 metric tons in a single piece.
The company operates from three locations in Vadodara, Gujarat, utilizing sophisticated, cutting-edge technology-based equipment to deliver accurate engineering solutions, along with prompt after-sales services, all under one roof.
Products:
- Tubular conveying systems
- Die head trolleys and mixing machines
- CNC and VMC machined components
- Heavy metal fabrication solutions
- Process automation equipment
Competitive Strengths:
- Proven Track Record in Large-Scale Operations
- Strategic Supply Chain Management
- Advanced Technology Investment
- State-of-the-Art Manufacturing
- Future-Ready Automation
Company Financials (Restated)
| Period Ended | 30 Nov 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 41.12 | 29.60 | 12.58 | 7.27 |
| Total Income | 19.15 | 23.18 | 15.28 | 12.63 |
| Profit After Tax | 2.45 | 2.42 | 1.71 | 0.61 |
| EBITDA | 4.08 | 5.00 | 3.00 | 1.15 |
| NET Worth | 12.36 | 9.91 | 3.99 | 2.01 |
| Reserves and Surplus | 9.50 | 7.05 | 1.72 | 1.01 |
| Total Borrowing | 22.61 | 13.92 | 5.42 | 3.45 |
| Amount in ₹ Crore | ||||
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Plant and Machinery for the existing line of our business | 3.79 |
| 2 | Repayment of secured loan availed by our Company from Financial Institution | 2.17 |
| 3 | Funding of working capital requirements of our Company | 4.00 |
| 4 | General corporate purposes |
Key Performance Indicator (KPI)
| KPI | Nov 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROCE | 13.08% | 29.03% |
| Debt/Equity | 1.83 | |
| RoNW | 22.01% | 34.81% |
| PAT Margin | 12.80% | 10.44% |
| EBITDA Margin | 21.33% | 21.64% |
| Price to Book Value | 3.33 | 4.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.46 | 9.44 |
| P/E (x) | 17.03 | 15.25 |
| Promoter Holding | 87.29% | |
| Market Cap | ₹56.05 Cr. |
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2025 available in RHP.
IPO Review
Shayona Engineering IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
The Shayona Engineering IPO is subscribed 5.43 times on January 27, 2026 6:19:54 PM (Day 3). The public issue subscribed 3.73 times in the individual investors category, 3.33 times in the QIB category, and 9.30 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category |
Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 3.33 | 12,000 | 40,000 | 0 |
| NII* | 9.30 | 3,00,000 | 27,91,000 | 0 |
| bNII (> ₹10L) | 12.17 | 1,80,000 | 21,90,000 | |
| sNII (< ₹10L) | 5.01 | 1,20,000 | 6,01,000 | |
| Individual Investor | 3.73 | 6,68,000 | 24,94,000 | 0 |
| Total | 5.43 | 9,80,000 | 53,25,000 | 1,718 |
Total Applications: 1,718
*Market Maker portion is not included to NII/HNI.
IPO Registrar
Kfin Technologies Ltd.
- 04067162222, 04079611000
- sel.ipo@kfintech.com
- Visit Website
IPO Lead Manager(s)
- Horizon Management Pvt.Ltd. (Past IPO Performance)
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
Contact Details
- +91 9310806080
- compliance@shayonaengg.com
- Visit Website
IPO FAQs
Shayona Engineering IPO is a SME IPO of 10,32,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹140 to ₹144. The minimum order quantity is 1000.
The IPO opens on Thu, Jan 22, 2026, and closes on Tue, Jan 27, 2026.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shayona Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Shayona Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shayona Engineering IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Shayona Engineering IPO‘ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
The Shayona Engineering IPO opens on Thu, Jan 22, 2026 and closes on Tue, Jan 27, 2026.
Shayona Engineering IPO lot size is 1000, and the minimum amount required for application is ₹2,88,000, with 2 lots being the minimum application size.
You can apply in Shayona Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shayona Engineering IPO will be done on Wednesday, January 28, 2026, and the allotted shares will be credited to your demat account by Thu, Jan 29, 2026. Check the Shayona Engineering IPO allotment status.
The Shayona Engineering IPO listing date is not yet announced. The tentative date of listing is Fri, Jan 30, 2026.
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